Modine Manufacturing is trading 4.16% up at $196.58, supported by progress toward its Gentherm transaction.
- Shares have advanced from $188.72 on September 18.
- The latest company-specific catalyst is the September 17 announcement that shareholders of record on September 28 are expected to receive SpinCo shares on October 1, when Performance Technologies is expected to merge with Gentherm.
- Stronger broader-market sentiment, including gains in technology and industrial shares, is also supporting the move.